Tanaka Kikinzoku Kogyo K.K., Japan’s biggest bullion retailer, said sales to local investors may exceed purchases this year for the first time since 2004 as lower prices and the yen’s weakness spur buying interest.
“Japanese individuals are thinking of gold as an asset for their investment portfolio as well as insurance for the future,... read more
Gold investors have been getting destroyed in recent weeks, with the yellow metal falling nearly 40% from its 2011 high to this year's low.
But it may be premature to declare the end of the yellow metal.
Tom Fitzpatrick, Citi's top chartist, reminds us of the 1970's when we witnessed a similar move under similar conditions.
He starts with a clip from an old New York Times art... read more
Last week, I discussed how traders were stampeding out of gold as a result of rising interest rates and the threat of evaporating monetary fluid that was lubricating markets. Hovering around $1,200 at the beginning of July, the gold price has completely disconnected from the precious metal’s fundamentals, in my opinion. Prices have... read more
One of the most widely accepted truisms in what passes for our financial media is that the dollar and gold are correlated: when the dollar weakens, gold rises, and when gold rises, the dollar declines.
Nice, except this vaunted correlation isn't remotely visible in the charts. Let's have a look. Here is the 5-year chart of the DXY Dollar Index, the... read more
Five or six years ago, few private investors were very concerned about the price of gold. Then came the financial crisis. When major banks were failing, a sense of apocalypse focused investors' minds on the value of physical assets as never before.
But other factors were at work. The evolution of new investment vehicles and trading platforms suddenly made it easy fo... read more
“Always remember, your focus determines your reality.”
-George Lucas
Our reality has changed in the last twenty-four hours. The Bank of England and the European Central Bank have re-affirmed their old positions since the Fed has changed tacks. The initial reactions will be a spike in equities and a fall-off in the... read more
Volatile financial markets make if very difficult for most investors to keep track of what is going on. It can also be very confusing when gold, for example, suddenly loses value for no particular reason and both stocks and bonds sell-off.
That’s because most financial commentators are just momentum followers. They tell you how prices are not moving and do not examine the underlying moneta... read more
Struggling to reform China's monetary policy, the country’s leaders blame the problems on speculation and aggressive media coverage. WSJ Reporter Lingling Wei explains the Bank of China's role in the cash crunch.
VIDEO A... read more
